3 ms·
> No group wants to compete, they want to have already won. Or to put it another way: a capitalist fears nothing more than a truly well-functioning market.
by bostik 4y ago
> No group wants to compete, they want to have already won.
Or to put it another way: a capitalist fears nothing more than a truly well-functioning market.
- mjburgess 4y agoNo, because a capitalist (in the friedman, etc. sense) distinguishes between free markets and ancap-competition. A free market is a construct of a state with a functioning legal system, requiring as it does, property rights (, limited liability, etc.). Capitalism is not ancap libertarianism. Indeed, it seems quite clear that ancap is an iterative contradiction, as "rule-free competition" cannot produce free markets.
- lmm 4y agoThey don't "fear" it any more than you or I "fear" going into work every morning, but competing honestly in the market is how they benefit society, and monopoly rents are the carrot that they're chasing. It's up to us to get our money's worth out of them.